The emphasis on operational efficacy has strengthened significantly, which is anticipated to offer an optimistic stance for the development of the market. Market reports related with the communication and information technology sector have been made accessible by Market Research Future which generates reports on other industry sectors that defines the current market situation. The market is set to attain a 10% CAGR growth throughout the tenure of estimation. The capability to maximize and guarantee returns by strict controls is likely to expand the development of the industrial automation services market. Swiftly developing SMEs, progressing technology such as the cloud-based automation and Internet of Things (IoT) coupled with the growing demand for smart factories is estimated to offer numerous opportunities for the development of the market. Additionally, the mass customization of products and services along with supply chain management is anticipated to propel the market growth. Furthermore, the development in the M2M communication technology and incorporation of systems is likely to offer an additional advantage to the industrial automation services market during the review period.
The report published by Market Research Future studies Industrial Automation Services Market Size according to the different segments. The industrial automation services market is segmented according to the basis of service, end-user, and solution. On the basis of service, the market is segregated into consulting, professional service, technical training, system integration services, and others. On the basis of solution, the market is categorized into SCADA, distributed control system, programmable logic controller, and others. On the basis of end user, the industrial automation services market is classified into transportation, manufacturing, automotive, logistics, food, chemical, power systems, material, energy, and others.
Detailed Regional Analysis
Market Research Future has conducted a detailed analysis on the region-wise segmentation of the industrial automation services market. The analysis covered regions such as North America, Europe, Asia Pacific, and the Rest of the World. It has been marked that the North America market has been responsible for the primary portion of the automation services industry. The Asia Pacific market is estimated to witness substantial growth opportunities, particularly in economies like China and India. Owing to the expanding population, manufacturers in these regions are employing automation systems in their assembly units to recover plant activities and to meet the international standards, to curtail labor costs, and to involve skilled workforce.
The probability for success in the market can be expected to be positive which will be fruitful for future developments. The diversification of the product range in the market is surging the avenues for the growth of the market. The leadership trends prevalent in the market are strengthening the level of expansion that can be achieved in the present market platform. The market is at an extremely productive level and will be able to create greater worth for the firms in the industry and its shareholders. The emerging patterns are analyzed in tandem with the customer preferences to attain the highest growth, and in the long run, feasibility. The capacity to exploit the economies of scale is further proving to be encouraging for the overall market growth. However, the market has also substantially counterbalanced the market benefits and therefore, is fueling a surge in the number of players prevalent in the market. The noteworthy players operating in the industrial automation services market include Siemens AG (German), Honeywell International Inc., (U.S.), General Electric Company (U.S.), Mitsubishi Electric (Japan), Johnson Controls Inc. (U.S.), Rockwell Automation (U.S.), Yokogawa Electric Corporation (Japan), Schneider Electric (France), Danaher Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), and OMRON Corporation (Japan), among others.
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